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Tesla Stock Soars and Hits a New Record

Scarlett Zhiqi Chen |
February 25, 2014 | 3:31 p.m. PST

Executive Producer

Tesla (Flickr | Seth Anderson)
Tesla (Flickr | Seth Anderson)
Tesla Motors, a luxury electric-car maker, surprised the market when their shares rose 3.8 percent and close at $ 217.65 on Monday. The company reported a $16 million adjusted loss for the fourth quarter last week. 

Read more at USA Today

Last year, the company’s stock was $33.80 at close. CEO Elon Musk boasted the gross profit. According to Bloomberg, the 10-year-old company exceeded $30 billion in market value, which is more than half of General Motors Co.’s.

A Tesla car is priced between $75,000 and $110,000. The young all electric luxury car company has repaid their $465 million federal loan. 

According to USA today, Tesla plans to reach a sales goal of 35,000 cars this year. 

Reach Executive Producer Scarlett Zhiqi Chen here



 

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